International

• Monday, September 10th 2012 - 00:47 UTC

  Falklands’ oil offers an exit strategy from the dispute

  

  By Graham Bound - The discovery of a large field of natural gas beneath the seabed south of the Falklands received appropriate coverage in the UK press. Rockhopper Exploration’s agreement with Premier Oil, which is likely to involve an investment by the latter of up to £750m, has also been noticed.

• Saturday, September 8th 2012 - 06:49 UTC

  Net capital outflows from Spain equalled more than 50% of country’s output

  

  Bank of Spain figures show that net capital outflows—including bank withdrawals and sell-offs of Spanish stocks and bonds—equaled more than 50% of the country’s economic output over the year ended July 31.

• Saturday, September 8th 2012 - 06:41 UTC

  Indian national named World Bank chief economist senior Vice-president

  

  World Bank Group President Jim Yong Kim announced the appointment of Indian national Kaushik Basu as the institution’s new Chief Economist and Senior Vice President.

• Saturday, September 8th 2012 - 06:35 UTC

  Spain announces plant to regulate fishing and bunkering in Gibraltar waters

  

  Spain’s Foreign Minister issued a clear threat to Gibraltar in the latest salvo of words in the fishing dispute. Jose Manuel García-Margallo said Gibraltar’s stance in the row would lead to repercussions in other areas affecting the Rock.

• Saturday, September 8th 2012 - 06:31 UTC

  Merkel supports ECB debt-plan despite strong protests and threats in Germany

  

  Chancellor Angela Merkel defended the European Central Bank on Friday after its plan to buy the debt of troubled Euro zone states stirred outrage in Germany and threats from some in her own party to try and block the scheme.

• Saturday, September 8th 2012 - 06:26 UTC

  Europe threatens to take Russia to the WTO over restrictive practices

  

  Europe's trade chief threatened to take Russia to the World Trade Organization over a string of restrictive practices, saying Moscow needed to play by the rules now it was a member of the global body.

• Saturday, September 8th 2012 - 04:54 UTC

  Prince Harry back in Afghanistan but this time to fly attack helicopters

  

  Britain's Prince Harry has returned to Afghanistan to fly attack helicopters on the frontline just two weeks after he was photographed frolicking naked in Las Vegas. The Ministry of Defence (MoD) said he would serve a four-month tour, based out of Camp Bastion in Helmand Province, one of the most volatile regions in the country.

• Friday, September 7th 2012 - 06:25 UTC

  FAO says global food prices remained steady in August, but “the game is not over”

  

  Global food prices remained steady in August, the United Nations food agency said Thursday, but warned that “the game is not over” as it was only the beginning of the harvest season.

• Friday, September 7th 2012 - 06:04 UTC

  IMF showed strong support for ECB new framework in support of the Euro

  

  Managing Director Christine Lagarde of the International Monetary Fund (IMF) showed strong support of the European Central Bank's new framework for intervention in the Euro zone debt crisis, deeming Thursday’s action 'an important step toward strengthening stability and growth.'

• Friday, September 7th 2012 - 05:41 UTC

  ECB bond-buying scheme announcement boosts world markets

  

  Asian shares looked set for their biggest daily gain in nearly five weeks on Friday after the European Central Bank outlined its bond-buying scheme to help calm the Euro zone's debt crisis, while firm US data fed speculation of a strong jobs report later in the day.